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30 questions
Your __________ are your talents or skills you learned.
Match the following:
a message to let consumers know about goods or services for sale | ATM | ||
anything a person or individual owns | Bank | ||
a plan for using time, money, or resources | Budget | ||
a business that stores money | Asset | ||
an automated teller machine | Advertisement |
In a (a) the prices are (b) , but in a (c) , the prices are (d) .
Abundant Resources are those in _________ supply.
short
large
ugly
limited
someone who checks the accounts of a business | Account | ||
the location where you money is stored | Cash | ||
an organization that sells good/services | Benefit | ||
coin, currency, or a check | Auditor | ||
anything helpful or an advantage | Business |
If you're trying to inform consumers about a good or product by making it sound good, you are trying to ___________ it.
A synonym for alternatives is....
belongings
materials
choices
businesses
Appreciation is when an asset's value (a) , and depreciation is a when the value (b) .
Draw an assembly line....
effort people make they are usually paid for | Barter | ||
to exchange goods/services for other goods/services | Borrow | ||
to use money that isn't yours | Choice | ||
a decision between two or more alternatives | Labor | ||
money paid for use of a house or some property | Rent |
A bookkeeper records the money received and ________ by an organization or business
organized
spent
stored
hidden
Which of the following is NOT a definition of CAPITAL
a factor of production
a man-made resource used to produce goods or services
a good used to turn into another good
the feeling of enjoyment that comes from doing a good job
Which of these would NOT be a capital good?
tools
machines
buildings
television advertisements
Employees are (a) that are paid to (b) by someone else.
Match the following:
payments for professional services | Fees | ||
A cost for getting a loan | Finance Charge | ||
rules for right or good behavior and actions | Ethics |
Which one of these is NOT a durable good?
couches
stoves
cars
napkins
I wrote a _____________ at the bank to put money in my account.
check
deposit ticket
money order
credit card
I had to ___________ my check by signing my name to the back.
authenticate
register
endorse
deposit
My grandma took me to Target to (a) the gift I didn't like for something I really wanted.
a sum or percentage paid to an agent for their services | Commission | ||
a written order to pay money from someone's account | Clerk | ||
a piece of metal used as money | Coin | ||
a worker who performs office duties | Check | ||
a plastic square issued that allows one to borrow money | Credit Card |
Circular flow is a model of an economy showing the interactions between (a) and (b) as they exchange (c) in (d) .
______________ is a rivalry between producers of the same goods/services.
Customer service
Convenience
Conservation
Competition
You ___________ when you examine for similarities and differences.
Capital (a) are (b) made by people and used to produce (c) and (d) .
In _______________, people privately own property and resources.
consumerism
Great Britain
economics
capitalism
Which is NOT a characteristic of Capitalism?
profit incentives
competition
the government owns everything
free markets
The (a) is the (b) one pays for a good or service IF paying with (c) .
desires felt by consumers | Check Card | ||
a booklet for recording transactions in a checking account | Credit Card | ||
payments made to those in the labor force | Check Register | ||
a card used to borrow money from a business | Wages | ||
a card used to make transactions from your own account | Wants |
A _____________ is a way of collecting information to be considered.
In a (a) account, you write a (b) that is treated like currency at businesses. In a (c) account, you (d) money and it builds (e) .
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